Report: Jeffrey Loria to sell Marlins for $1.17 billion

After a long drawn out process, Marlins owner Jeffrey Loria is reportedly set to sell the team to businessman Jorge Mas for $1.17 billion, Mike Ozanian of Forbes reports. 75 percent of baseball’s owners must approve the deal before it becomes official.

Mas is chairman and co-founder of MasTec, an infrastructure engineering and construction company.

In 2002, Loria bought the Marlins for $158 million, so he made a pretty good return on investment. As Ozanian notes, the Marlins are expected to lose $70 million and will pay interest on approximately $400 million in debt.

The Marlins are 10.5 games out of first place in the NL East with a 41-46 record, so they could be very aggressive sellers at the deadline and can start a rebuild…again. This time with a different owner.

https://www.myfantasysportstalk.com/report-jeffrey-loria-to-sell-marlins-for-1-17-billion/https://i1.wp.com/www.myfantasysportstalk.com/wp-content/uploads/2017/07/jeffrey-loria-11412.jpg?fit=630%2C450&ssl=1https://i1.wp.com/www.myfantasysportstalk.com/wp-content/uploads/2017/07/jeffrey-loria-11412.jpg?resize=150%2C150&ssl=12017-07-11T10:47:54+00:00Dan SchalkMLBRecent Posts#MLB,Jeffrey Loria,Miami MarlinsAfter a long drawn out process, Marlins owner Jeffrey Loria is reportedly set to sell the team to businessman Jorge Mas for $1.17 billion, Mike Ozanian of Forbes reports. 75 percent of baseball’s owners must approve the deal before it becomes official.
Mas is chairman and co-founder of MasTec, an infrastructure engineering...Dan SchalkDanSchalkmyfantasysportstalk@gmail.comAdministratorDan Schalk is a sports enthusiast with degrees in Sports Coaching and Sports Management. He founded MyFantasySportsTalk in July of 2014 to bring a new platform to the sports media industry and allow various sports fans across the country have their voices be heard. Hailing from Buffalo, NY the land of the real chicken wing, you can stay up-to-date with Dan on Twitter @ffsportstalk
You can also check some of Dan's work at Fantasypros.com, as he covers the Houston Astros as a team correspondent.MyFantasySportsTalk